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03 May
03:25

BMI revises down 2024 coking coal prices

BMI is revising down its 2024 coking coal price forecast for Australian premium hard coking coal from an annual average of $300/tonne to $260/t, Kallanish notes. The research house says in a note that this is due to the prices remaining under continued pressure in 2024 after a significant rally in the second half of 2023 driven by tight supply and strong demand. According to BMI, 2024 has cemented negative investor sentiment over China's construction industr…
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